Chinese stocks ticked up on Monday on expectations of further policy support, but trading remained subdued as investors awaited cues from the U.S.-China trade negotiations at the G20 summit later this month.
At the close, the Shanghai Composite index was up 0.2% at 2,887.62, while the blue-chip CSI300 index was flat. CSI300's financial sector sub-index ended 0.4% higher, the consumer staples sector lost 1%, the real estate index was down 0.3% and healthcare shares gained 0.4%. The smaller Shenzhen index ended down 0.2% and the start-up board ChiNext Composite index was weaker by 0.8%.
U.S. President Donald Trump said on Friday “it doesn't matter” if Chinese leader Xi Jinping attends the G20 summit later this month, predicting a trade deal with Beijing would occur at some point anyway.
Source : Reuters